Wynn Resorts, Limited (WYNN) is based in Las Vegas, Nevada, US. WYNN owns, develops and operates destination casino resorts.

Wynn Resorts is the owner and operator of Wynn Las Vegas, a casino resort on the Strip in Las Vegas which offers 2674 rooms and suites in its 45 story tower, 36 fairway villas, and 6 private-entry villas designed only for premium guests.

WYNN is also constructing the future Wynn Macau, a casino resort development, located in the Macau Special Administrative Region of China, which is scheduled to open to the public in the third quarter of this year.

These days, WYNN is also working on an expansion of Wynn Las Vegas, which will be named “Encore”. In addition to all these investments, Wynn Resorts has also submitted to the Macau Government an application looking for a new land concession of 54 acres, these targeting the future development of casino facilities; and still continues exploring opportunities to develop additional gaming and/or other related businesses in different domestic and international markets.

WYNN’s “Wynn Las Vegas” operations are still the major support for their operating cash flow. Prior to opening Wynn Las Vegas, the company had not commenced operations, nor has it generated any significant revenues.

For the fiscal year that ended on 31st December 2005, WYNN incurred a net loss of over $90 million, which represents over $113 million (or a 56% decrease) from the net loss of around $204 million for the previous year (2004) and a $50.7 million from 2003.

Overall, these results reflect the cycle of increasing pre-opening expenses, as Wynn Las Vegas approached its opening hour. For last year, the profit margin of the company was a negative 4.73%, though their operating margin was 6.41% positive.

Shares (NasdaqGS:WYNN) ended their trading day at $77.60 a bit lower than their high at $80.19.

Daktronics, Inc. (DAKT), is a company from Brookings, South Dakota - USA, that develops its business around the marketing area, by providing design, development, and support of visual display solutions.

Daktronics products include timing systems, digit displays, sound systems, indoor and outdoor scoreboards and statistics software for the sports area; video, graphics, animation and controllers that manage the display’s operation for the commercial area; and an all set of different electronic displays for the transportation area.

On the fiscal year that ended on last April 29th, Daktronics, Inc’s revenue rose about 34% to $309 Million and its net income rose more than 34% to around $21 Million. Revenue improvement reflects the increase in demand from their clients, mostly outdoor advertising companies, and higher sales of their standard galaxy product (commercial area). Expenses with product design & development, as well as new selling efforts have offset part of the Net income. Their Profit Margin rounds 6.8%, while Operating Margin is near 10.28%.

Daktronics recently reported fiscal 2007 first quarter net sales of over $92 million and a net income of $5 million, meaning $0.12 per each diluted share, while a year ago the results were lower at $0.11 per diluted share.
According to company records, Daktronics is achieving a more solid performance each quarter, mostly sponsored by business in Asia, where fiscal incentives are supporting the investment and business growth of the company in the region.
Jim Morgan, CEO of the company stated at the results presentation that:

“We estimate net sales for the second quarter of fiscal 2007 will be in the range of $95 to $105 million, with earnings in the range of $0.13 to $0.18 per share. Earnings per share estimates include the impact of stock option expensing of approximately $0.01 per share. With our performance in the first quarter, we are increasing our estimate of net sales for the year to be in excess of $372 million, up more than 20% for the year as a whole.”

Daktronics, Inc. is trading near the $22.50 level at the Nasdaq, almost $10 bellow its 52 weeks high at $31.14, but yet much higher than the low at $10.

EGY, Vaalco Energy, is an independent energy company founded 22 years ago in Houston, Texas. This company explores, transforms and produces crude oil and natural gas at its Texas Golf facilities and offshore in West Africa – Gabon.

In the end of 2005 this company had reserves of 7827 million barrels of crude oil and 21 million cubic feet of natural gas.

This year the company will develop its new discovery at Avouma/South Tchibakla by setting up a new platform and pipelining it to the FPSO field. Still regarding this year’s investments, the platform in Louisiana will be ready during the summer, with its first production expected by the end of the 2006 fourth quarter.

With an operating margin of 76.12%, this margin comes exclusively from the difference between the income (received prices) and the production costs of the previously referred commodities.
The recent drops in the USD rate exchange versus other major currencies like the GBPound and the Euro are affecting the company’s results (both operational and financial); this is mostly due to the fact that its offshore operations are denominated in the local currency (tight to the Euro) and not in Dollars as it is domestically.

The net cash generated by the operating activities last year was nearly $36 million, a growth of more than $23M when compared to 2004.

This company’s primary capital resources come from operations cash flows, equity sales, money debt purchase and borrowings. At the end of last year the cash balance was near $44 million.
Together with this years operating profit, the company believes its cash balance will be enough to fund the development of the Avouma field and to make a few additional investments in working capital.

Stocks closed at $8.46 on August 14th, almost 20% down from the 52 week maximum at $10.45.